Small Business Financing: Credit Cards
The Wall St. Journal has a special section today on small business financing -- including a report on the use of credit cards.
"The issue is that almost all credit-card agreements have fine print with very sharp teeth," says Fred Wainwright, executive director of the Center for Private Equity and Entrepreneurship at Dartmouth's Tuck School of Business. "If you miss even one payment, the attractive terms can convert to over 20% annual interest rates and outrageously high penalty fees."
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)